Research Shows EV Sales Registered 15% Sales Growth Globally in August
Global sales of electric and plug-in hybrid vehicles slowed down sharply in August, according to new research by Rho Motion. The report shows that sales grew by only 15 percent compared to the same month last year, marking the weakest growth since January. This is a significant slowdown from July when the market grew by 21 percent. The biggest reason behind the slowdown came from China, the world’s largest car market. For months, China has been leading the electric vehicle industry, with sales rising by an average of 36 percent in the first half of the year. But in August,…